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Legislation


2007 Regular Session

SENATE BILL 285

File Code: Real Property Crossfiled with: HOUSE BILL 768
Sponsored By:
Senators Kelley and Hooper
Entitled:
Real Property - Condominiums and Homeowners Associations - Reserve Study

Synopsis:

Requiring the bylaws of a condominium to provide for the frequency with which a reserve study will be conducted; requiring the bylaws or other governing document of a development subject to a homeowners association to provide for the frequency with which a reserve study will be conducted; requiring a council of unit owners or the governing body of a homeowners association established before October 1, 2007, to conduct a reserve study by October 1, 2010; etc.

History by Legislative and Calendar Date

Senate Action
1/31
First Reading Judicial Proceedings
2/7
Hearing 2/20 at 1:00 p.m.
3/19
Unfavorable Report by Judicial Proceedings
House Action
No Action

Sponsored by:

Senator Delores G. Kelley, District 10
Senator J. Robert Hooper, District 35

Bill indexed under the following Subjects:

Assessments
Budgets -see also- Capital Budgets
Condominiums
Homeowners Associations
Real Property
Reports

Bill affects the following Statutes:

Real Property
( 11-104 , 11-109.2 , 11-110 , 11-139.3 , 11B-112.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
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